Drinks company AG Barr is planning to close its defined benefit pension scheme to improve employee equality and reduce the risk to the employer.
Aberdeen transport fund swaps derisking provider in self-sufficiency push
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April 4, 2016
The Aberdeen Council Transport Fund is rushing to replace a derisking solution as it seeks to update its investment strategy and target self-sufficiency.
More than a third support Lisa expansion, research shows
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March 30, 2016
Many under-40s are planning to save into Lifetime Isas alongside their workplace pension, research commissioned by mastertrust Now Pensions this week revealed, but support for expansion of the new savings vehicle could pose a threat to pensions.
Shipbuilding scheme docks £220m into LDI
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March 30, 2016
The Shipbuilding Industries Pension Scheme has committed £220m to a liability-driven investment mandate run by Legal & General Investment Management, as it seeks to derisk and hedge against interest rate rises.
Tesco gears DC default towards freedoms
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March 28, 2016
Supermarket Tesco has a new default investment structure aimed at allowing members to access the full range of freedoms in its recently established defined contribution plan, but administrative complexity still holds many schemes back.
Hertfordshire joins Access LGPS pool
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March 28, 2016
Hertfordshire County Council Pension Fund has joined with 10 other local authority schemes to launch the £33bn Access asset pool, as Local Government Pension Scheme funds work through the governance implications of pooling.
What the latest IGC reports tell us
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March 23, 2016
Analysis: For as long as the term 'independent governance committee' has been floating around the pensions industry there have been questions about how they will work.
What does Iain Duncan Smith's resignation mean for pensions?
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March 21, 2016
From the blog: There was a big upset in Westminster over the weekend as former secretary of state for work and pensions Iain Duncan Smith resigned in protest over the chancellor’s latest round of benefit cuts.
Duncan Smith had served in the post since May 2010, presiding over years of cuts as part of the government’s agenda to balance the budget, but said in a letter the latest cuts to disability benefits were “a compromise too far”.
He added: “I believe the cuts would have been even fairer to younger families and people of working age if we had been willing to reduce some of the benefits given to better-off pensioners.”
Shell diversifies away from equities over market fears
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March 21, 2016
The Shell Contributory Pension Fund has diversified its growth asset portfolio and reduced its equity holdings in response to concerns about the level of risk.
PiP calls on government to bridge infra gap
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March 18, 2016
The Pensions Infrastructure Platform has called on the government to make UK infrastructure more appealing to investors, in an effort to address the mismatch between government hopes for infrastructure investment and schemes’ need for returns.